Morrow Sodali proud to play a key role in Ukraine’s successful debt deferral

Morrow Sodali is pleased to share a report which provides a detailed account of its involvement in Ukraine’s recent transformational debt deferral. When the government of Ukraine needed to approach their foreign creditors for breathing space for repayments on billions of dollars in debt, they assembled a multinational team of leading financial and legal professionals from several firms to oversee the complex process and ensure all moving parts came together successfully and on time. Morrow Sodali's Global Debt Services team, led by Damian Watkin, Managing Director, and Pia Gowland, Director, took on the role of Information and Tabulation Agent for Ukraine’s consent solicitation.

Thanks to the combined efforts of all involved, the intense three-week negotiations concluded successfully, resulting in the extension of maturity dates and interest deferrals on some $US25 billion worth of debt providing much-needed financial relief for Ukraine.

Access to BondWatch, which was developed by the Global Debt Services Team at Morrow Sodali, provided the entire working group involved in the deal with real-time updates around the clock, allowing them to watch the evolution of the transaction and to drill down into details and export data as required.

Morrow Sodali is a market leader in bondholder identification and agency services in debt restructurings and liability management transactions. For more information on Morrow Sodali’s Debt Services or to request a demonstration of BondWatch, please visit our website. Click here to view a selection of Morrow Sodali’s debt deals.

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